India's Wholesale Inflation Eases to 0.39% in May as Prices Moderate

India's Wholesale Price Index (WPI) inflation further eased to 0.39% year-on-year in May, a deceleration in inflationary pressures. The data, just released by the Ministry of Commerce & Industry, indicate softening inflation in manufacturing, fuel, and food categories, which is a reflection of stable supply chains and subdued global commodity prices.

 

Key Highlights:

This weakening of wholesale inflation signals softening price pressures, which can have implications for monetary policy decisions and allow for smooth economic growth.

 

Source: Investing.com | Moneycontrol | Trading Economics